1404 W 51st ST, Austin TX 78756

The market data from 7 similar recent sales in SMITH A points to a value of approximately $444,653. To sell within a reasonable timeframe at fair market value, the $220,000 to $230,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in SMITH A. Being 337 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1947 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in SMITH A; a buyer's market based on recent absorption. In 78756, home values have fallen approximately 18.4% over the past 6 months. One of the strongest data points is 1300 Harriet CT, Austin TX 78756, adjusting to $460,040; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group